Deal Details
- Address: 720 Earline St, Birmingham, AL 35215
- Type: Rental Property
- Year: 2018
- Timeline: 1 month
- Purchase Price: $50,000
- Rehab: $0
- Sales Price: $154,000
- Profit: $100,000
Avoid Flood Zones
- We got it for a steal ($50K).....because it was in a flood zone. But I was still new to the industry and an idiot then and did not know to check on this at first. Now I know ALWAYS to check the FEMA Flood Map Service up front to see if a property is in a flood zone.
- Properties in flood zones can be harder to sell and will cost a lot in extra insurance
Key Takeaways:
- Watch out for flood zones–ALWAYS check the FEMA Flood Map Service
- Carefully screen your tenants
- Buy rental properties that will not have a lot of maintenance issues in the future
Episode Resources:
Check out our Master Class and learn how to start or scale your real estate investing career the right way
We also have an AWESOME newsletter that you can subscribe to here
Follow Duratus:
Follow Maura:
